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Insider TISCH JONATHAN M sells 50,000 of Loews Corp. [L] Stock

In a filing, Loews Corp. revealed its Co-Ch. of Bd/Off. of the Pres. TISCH JONATHAN M unloaded Company’s shares for reported $3.87 million on May 09 ’24. In the deal valued at $77.41 per share,50,000 shares were sold. As a result of this transaction, TISCH JONATHAN M now holds 557,799 shares worth roughly $43.14 million.

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Then, TISCH JONATHAN M sold 50,000 shares, generating $3,869,500 in total proceeds. Upon selling the shares at $77.39, the Co-Ch. of Bd/Off. of the Pres. now owns 607,799 shares.

Before that, SIEGEL KENNETH I sold 6,322 shares. Loews Corp. shares valued at $477,311 were divested by the Senior Vice President at a price of $75.50 per share. As a result of the transaction, SIEGEL KENNETH I now holds 6,993 shares, worth roughly $0.54 million.

Deutsche Bank reiterated its Loews Corp. [L] rating to a Hold in a research note published on November 02, 2016; the price target was $43. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who remained covering the stock and in early August has reiterated a ‘”a Hold”‘ rating for it. Deutsche Bank also remained covering L and has decreased its forecast on March 24, 2014 with a “Hold” recommendation from previously “Buy” rating. Deutsche Bank started covering the stock on September 04, 2013. It rated L as “a Buy”.

Price Performance Review of L

On Monday, Loews Corp. [NYSE:L] saw its stock fall -0.82% to $77.34. Over the last five days, the stock has lost -0.51%. Loews Corp. shares have risen nearly 11.14% since the year began. Nevertheless, the stocks have risen 32.43% over the past one year. While a 52-week high of $78.55 was reached on 03/28/24, a 52-week low of $55.94 was recorded on 01/02/24. SMA at 50 days reached $76.16, while 200 days put it at $69.44. A total of 0.53 million shares were traded, compared to the trading of 0.88 million shares in the previous session.

Levels Of Support And Resistance For L Stock

The 24-hour chart illustrates a support level at 77.05, which if violated will result in even more drops to 76.75. On the upside, there is a resistance level at 77.87. A further resistance level may holdings at 78.39. The Relative Strength Index (RSI) on the 14-day chart is 56.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.32%. Stochastics %K at 82.35% indicates the stock is a selling.

The most recent change occurred on June 23, 2009 when Susquehanna Financial began covering the stock and recommended ‘”a Positive”‘ rating.

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